Diana Shipping extends time charter contract for m/v Polymnia
Published by Harleigh Hobbs,
Editor
Dry Bulk,
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has, through a separate wholly-owned subsidiary, agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its post-panamax dry bulk vessels, the m/v Polymnia, for a period of about 13 months to maximum 16 months.
The gross charter rate is US$10 100 per day, minus a 4.75% commission paid to third parties. The new charter period is expected to commence on March 15, 2017.
The “Polymnia” is a 98 704 DWT post-panamax dry bulk vessel built in 2012.
The employment extension of “Polymnia” is anticipated to generate approximately US$3.79 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (four newcastlemax, 14 capesize, three post-panamax, four kamsarmax and 23 panamax). As of today, the combined carrying capacity of the company’s fleet is approximately 5.7 million DWT with a weighted average age of 7.75 years.
Read the article online at: https://www.drybulkmagazine.com/shipping/02032017/diana-shipping-extends-time-charter-contract-for-mv-polymnia/
You might also like
Icon Gulf Trading, the shipping arm of Dynamic Mining, and GeoServe celebrate one-year milestone in voyage management collaboration
A strategic collaboration between Icon Gulf Trading DMCC (part of the Dynamic Group) and GeoServe Energy Transport DMCC has enabled the successful shipment of bauxite from Guinea over the past 12 months. During this period, 12 cargo shipments, moving approximately 2 million t of bauxite, have been completed.